NOT LISTED FOR SALE

531 Classon Ave Unit 3 A Brooklyn, NY 11238

Bed-Stuy Neighborhood

Estimated Value: $1,125,793 - $1,366,000

2 Beds
2 Baths
1,041 Sq Ft
$561/mo HOA Fee

Last Sold July 26, 2024

Last sale price $1,295,000 $1,244 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,421/month

1 Day on Market

Highlights

  • New Construction
  • 4-minute walk to Franklin Avenue (A,C,S Line)
  • 1-minute walk to Crispus Attucks Playground
  • Rooftop Deck

About This Home

As of July 2024

531 Classon Avenue is a brand new, 8 unit boutique new construction condo building offering the best of both worlds: modern finishes and industrial vibes in a loft-like setting. The building is located on the nexus of the Bedford-Stuyvesant/ Clinton Hill border, putting you in the heart of two of Brooklyn's most vibrant and exciting neighborhoods. The building's striking concrete ceilings assure quiet and privacy between the floors and give the building a loft-like feel blended with minimalist elegance. The oversized windows provide excellent afternoon sun flooding each unit's well appointed living/dining room. Wide plank white oak flooring, stainless steel appliances, and already installed in-unit washer & dryer round out these spacious units. Nature is seamlessly infused through not one but TWO private balconies, as well as access to the shared roof top. Most units have deeded in-building storage.

531 Classon Avenue is conveniently located near public transportation, shopping, dining, and entertainment. Neighborhood favorites include Sisters, The Fly, Hartleys and Speedy Romeos. The C and S trains at Franklin Avenue and the G train at Classon Avenue are moments away. Prospect Park, Barclay's Center, BAM, and Whole Foods are all easily accessible from this convenient location.

This is not an offering. The complete offering terms are in an offering plan available from the File No. CD22-0278.

Last Agent to Sell the Property

Erin Pastrana

Corcoran Group License #10401279809 Listed on: 01/03/2024

Corcoran Group

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2023 | New Construction

HOA Fees

  • $561 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,041 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Utilities

  • No Cooling

Listing and Financial Details

  • Legal Lot and Block 0012 / 01994

Community Details

Overview

  • 8 Units
  • Bedford Stuyvesant Subdivision

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$561 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • Architectural Style: Walk-Up
  • Entry Level: 3
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Interior Features: Smoke Free
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 1041.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: No
  • Exterior Features: Building Roof Deck
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 561.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Rental Info

  • Land Lease: No

Building Info

  • New Construction: Yes
  • Units: 8
  • Total Stories: 4
  • Year Built: 2023

Tax Info

  • Tax Block: 01994
  • Tax Lot: 0012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Jul 26, 2024
Sold by
Y & L Classon Corp
Bought by
Kasofsky David
Seller's Agent
Erin Pastrana
Corcoran Group
List Price
$1,295,000
Sold Price
$1,295,000
Views
2
Current Estimated Value
$1,269,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,736
Avg. Annual Appreciation
-1.28%
Original Mortgage
$1,036,000
Outstanding Balance
$1,022,369
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$246,895
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kasofsky David $1,318,633 --
Kasofsky David $1,318,633 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kasofsky David $1,036,000
Closed Kasofsky David $1,036,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2024 07/26/24 Sold $1,295,000 0.0% $1,244 / Sq Ft
01/04/2024 01/04/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $1,295,000 -- $1,244 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $84,190 -- -- --
2024 $84,190 $784,350 $126,000 $658,350
2023 $1,711 $126,000 $126,000 $0
2022 $2,578 $24,420 $24,420 $0
2021 $2,564 $103,860 $24,420 $79,440
2020 $2,564 $110,700 $24,420 $86,280
2019 $2,517 $88,020 $24,420 $63,600
2018 $2,318 $11,373 $3,454 $7,919
2017 $2,191 $10,747 $2,945 $7,802
2016 $2,029 $10,152 $3,756 $6,396
2015 $1,223 $10,152 $4,223 $5,929
2014 $1,223 $10,026 $4,538 $5,488
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10932091

Real Estate Board of New York (REBNY)

APN: 01994-1005

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